Setups: EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, NZD/USD - Barclays
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, and NZD/USD as provided by the technical strategy team at Barclays Capital.
EUR/USD: The break below 1.1310, the 21-dma, encourages our bearish view towards initial targets near 1.1210 and then the 1.1145 range lows. Beyond there we are looking for a move towards the 1.0820 area.
USD/JPY: We prefer to fade corrective upticks towards the 110.00/65 area and look for a move below 107.60 to confirm downside towards our targets near 106.65 and then the 106.10 area.
Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en/?affid=0fd9105
GBP/USD: Wednesday’s bearish engulfing candle endorses our bearish view. We are looking for a move lower towards nearby support in the 1.4005 area. A break below 1.4005 would then open our next targets near 1.3895 and the 1.3835 year-to-date low.
USD/CHF: The close above 0.9650, the former range lows, has forced us to abandon our short-term bearish view. A move above 0.9790 would encourage us to become more bullish towards the 1.0100 range highs.
AUD/USD: We are bullish and look for a move above our initial upside targets at the 0.7725 recent highs to signal higher towards our greater targets in the 0.7880 area.
NZD/USD: A low close today would endorse Wednesday’s topping candle and our bearish view. We are looking for a move lower towards support in the 0.6760 area. Below would signal lower towards targets near 0.6670 and then lower towards 0.654.
